Industrial License has been one of the biggest pain points of the Indian defence industry. In various representations to the Government of India, CII has recommended that Industrial Licenses should be simplified and the period of validity should be increased.
It is heartening to see that for the extension of the Industrial License the companies are not required to go back to the Licensing Committee. It would now be done with the approval of the concerned Joint Secretary of the Administrative Ministry.
CII expressed hopes that this would help in expeditious clearance of fresh Industrial License applications and the extension of the existing Industrial Licenses.
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